The VND23 trillion (US$1 billion) WHA Hemaraj Industrial Park in the Nghe An central province’s Southeast Economic Zone will break ground this October.
A representative from the Thailand-based Hemaraj Land & Development Public Co Ltd released the news on Wednesday at a meeting of Nghe An Province’s leaders, Thailand’s Board of Investment led by deputy secretary general Chokedee Kaewsang and 60 Thai firms.
The first phase of the project, which will cover a combined area of 3,200ha in the two districts of Nghi Loc and Dien Chau with rental contracts for 70 years, is expected to be put into operation in early 2018.
This project will be developed through a joint venture between Viet Nam-based Civil Engineering Construction Corporation No 4 (CIENCO 4) and Thailand-based Hemaraj Land & Development Public Co Ltd.
At the meeting, vice chairman of the provincial People’s Committee Le Ngoc Hoa said the province has enhanced administrative reforms to provide the most favourable conditions for investors.
“Investors can find all information related to investment opportunities or licensing procedures from a single body under the province’s Nghe An Centre for Investment Promotion and Development Consultancy,” Hoa said.